State-run oil marketing companies marginally cut the prices of diesel in metros on Monday, but kept petrol rates at existing levels. In Delhi, the price of diesel was revised to Rs 73.16 per litre, from Rs 73.27 per litre, with effect from 6 am on September 7, whereas that of petrol was maintained at Rs 82.08 per litre, according to notifications by state-run Indian Oil Corporation, the country's largest fuel retailer. In Mumbai, the diesel rate was lowered to Rs 79.69 per litre, from Rs 79.81 per litre, and that of petrol kept unchanged at Rs 88.73 per litre. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Here are the prices of petrol and diesel (in rupees per litre) in the four metros on September 7:
|Source: Indian Oil|
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation review petrol and diesel rates in different parts of the country on a daily basis, and implement any revisions at fuel pumps with effect from 6 am. The three account for the majority of fuel stations in the country.
Meanwhile, crude oil prices dropped on Monday, to their lowest level recorded since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic.
Brent crude futures - the global benchmark for crude oil - moved within a range of $41.51-42.43 per barrel, as against their previous close of $42.66 per barrel.
The rupee edged higher to 73.02 against the US dollar in morning deals.